Stelios Claims Victory in Easyjet Row On Growth but Holders Rebel Against Him ; Aviation [Edition 2]

Evening Standard - London › February 12, 2009

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Summary

eASYJeT founder Stelios Haji- Ioannou is claiming victory in his row with the airline's management after the board said today it was prepared to pare back its expansion plans.

But the public row has lost Stelios fans among easyJet's institutional shareholders: in the vote to re-elect Stelios as a non- executive director more than a fifth of the shares cast refused to back him.

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Stelios Claims Victory in Easyjet Row On Growth but Holders Rebel Against Him ; Aviation [Edition 2]

The board today bowed to pressure from 41%-shareholder Stelios by saying it could scrap plans ...

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